TOOLING TECHNOLOGY GROUP HAS ACQUIRED CTG HOLDINGS
Birmingham, Michigan – April 25, 2018 – Angle Advisors is pleased to announce that Tooling Technology Group (“TTG”) a portfolio company of GenNx360 Capital Partners (“GenNx360”) has acquired CTG Holdings (“CTG”) which operates Century Tool & Die (“Century”) and Bel-Kur. CTG was majority owned by First Capital Partners, LLC (“FCP”). Angle Advisors acted as the exclusive investment banking advisor to CTG in completing this transaction.
Based in Fenton, MI, Century is a leading manufacturer of medium to large compression molds for composite materials serving the automotive, heavy truck, aerospace and personal watercraft industries. Century specializes in exterior (Class A) and structural parts that require the highest precision and surface finish, such as headliners, door panels, package trays, acoustical components, trunk, trim applications and exterior body panels. At a second location in Temperance, MI, Bel-Kur provides secondary tooling, fixtures and automation equipment for a wide range of operations. For more information, please visit www.centurytool.com.
“Both Century and Bel-Kur are highly strategic add-on acquisitions that will add Class A exterior tooling capabilities, address secondary tooling and automation growth opportunities, expand machining capabilities and capacity, broaden our customer base, and introduce new selling opportunities,” said Tony Seger, CEO of Tooling Tech.
Young Park, Managing Director of FCP said, “We were very impressed with Angle Advisors’ execution of this transaction. Angle was able to generate significant interest from highly strategic buyers through thoughtful positioning and leveraging its deep industry knowledge.”
Founded in 2006, First Capital Partners, LLC is a private investment firm based in Omaha, Nebraska that provides junior capital to lower middle-market companies with annual revenues between $10 million and $100 million. FCP works collaboratively with management teams to serve as a value-added and engaged capital partner to help businesses grow. The senior managers of the firm have more than 100 years of combined business and investment experience. For more information, please visit www.firstcapitalpartners.com.
GenNx360 Capital Partners is a private equity firm focused on acquiring middle market business services and industrial companies. GenNx360 invests in companies with proven and sustainable business models in expanding industries with the objective of implementing the required operating changes to deliver cost efficiencies, accelerate growth, and generate strong financial returns. Target industries include industrial machinery and components, logistics and supply chain solutions, industrial and environmental services, food and agricultural products and services, infrastructure equipment and services, specialty chemicals, packaging, and aerospace and defense. GenNx360 was founded in 2006 and is headquartered in New York City. For more information, please visit www.gennx360.com.
Tooling Technology Group, founded in 1982 and headquartered in Fort Loramie, Ohio is a leading supplier of high-quality tooling for a variety of material forming processes including: thermoforming, twin-sheet and single-sheet vacuum forming, pressure forming, compression molding, rotational molding, blow molding, resin transfer molding, rubber and polyurethane molding, carpet and metal stamping, foundry tooling and pulp molding. The full range of in-house capabilities, including patterns, models, cast tooling, finishing, CNC machining as well as design and engineering, provides customers with a complete, one-stop solution for their tooling needs. For more information, please visit: http://www.toolingtechgroup.com.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the industrial and vehicular sectors. The firm's professionals have completed 188 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.